Can you use a VA loan to purchase a multifamily property?

  Can you use a VA loan to purchase a multifamily property? Yes, in certain cases, it is possible to use a VA loan to purchase a multifamily property, also known as a multi-unit property or a multi-family dwelling, using a VA loan. However, there are specific requirements and limitations that borrowers must meet in […]

Washington State VA Jumbo Loans

Washington State VA Jumbo Loans – Over $726,200 or $977,500 (King, Pierce, Snohomish Counties) A VA jumbo loan is a type of mortgage loan that is designed for veterans or active-duty military personnel who want to purchase a higher-priced home that exceeds the standard loan limits set by the Department of Veterans Affairs (VA). The […]

VA IRRRL Washington State – How does it work?

A VA IRRRL (Interest Rate Reduction Refinance Loan) is a type of mortgage refinance loan available to eligible veterans and active-duty military personnel who have an existing VA loan. Here’s how it works: Eligibility: The borrower must already have a VA loan, and the loan being refinanced must be current (i.e., no late payments in […]

Applying for a VA home loan Washington State

Here are the steps on how to apply for a VA loan: Contact a VA-approved lender (Good news you have found a great local VA lender) Get a Certificate of Eligibility (COE). Apply for the loan. Close on the loan. Here are the details of each step: Contact a VA-approved lender. A VA-approved lender is […]

Can I have more than one VA loan at a time?

Can I have more than one VA loan at a time? Yes, it is possible to have more than one VA loan at the same time. However, there are certain restrictions and conditions that apply to multiple VA loans. In general, you can have more than one VA loan if you meet the eligibility requirements […]